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Dec 25, 2012
12/12
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unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go over the cliff than not. and that if we allow that to happen it will be the most collosal consequential in a very long time. >> reporter: president obama is in hawaii for christmas. he says he will cut his vacation short to try to hammer out a deal with republicans. i'm andrew spencer reports. >>> fears over if fiscal cliff dampened hopes on the stock market. >>> on the heels of a public outcry, instagram has been hit with with their first civil lawsuit. the first action suit filed in criminal court friday stems from the company's proposal to change its terms of service. an instagramish user leveled claims against the company. instagram claims the complaint is without merit. >> thousands gather to celebrat
unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go over the cliff than not. and that if we allow that to happen it will be the most...
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Dec 26, 2012
12/12
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. >> last year we were in a deficit situation and we really needed to make up some ground. so luckily we have a lot of ground water storage capacity. we maintained that throughout this year and this series of storms has really helped us with our surface water storage. >>> right now lexington reservoir off highway 16 is 16% full. yubas is 17% full and the largest anderson reservoir is 41% full. >>> in oakland police are investigating multiple shootings including a homicide which happened this afternoon. neighbors near 24th street and chestnut neck west oakland, they heard multiple gunshots at about 2:30, our photographer accounted a total of 20 shell casings on the ground at two different crime scenes in the area. we are told that the victim is a man but his name has not been released there is no word on suspects or arrests. >>> in oakland they're investigating a shooting that injured two inside of a church. they were shot by stray bullets around 9:00 last night. most people are in stable condition right now. police say they have no suspects at this time. >>> a 24 hour strik
. >> last year we were in a deficit situation and we really needed to make up some ground. so luckily we have a lot of ground water storage capacity. we maintained that throughout this year and this series of storms has really helped us with our surface water storage. >>> right now lexington reservoir off highway 16 is 16% full. yubas is 17% full and the largest anderson reservoir is 41% full. >>> in oakland police are investigating multiple shootings including a...
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Dec 25, 2012
12/12
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KICU
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unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go over the cliff than not. and that if we allow that to happen it will be the most collosal consequential in a very long time. >> reporter: president obama is in hawaii for christmas. he says he will cut his vacation short to try to hammer out a deal with republicans. i'm andrew spencer reports. >>> fears over if fiscal cliff dampened hopes on the stock market. >>> on the heels of a public outcry, instagram has been hit with with their first civil lawsuit. the first action suit filed in criminal court friday stems from the company's proposal to change its terms of service. an instagramish user leveled claims against the company. instagram claims the complaint is without merit. >> thousands gather to celebrat
unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go over the cliff than not. and that if we allow that to happen it will be the most...
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Dec 22, 2012
12/12
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KTVU
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hike, protects unemployment insurance, and lays the ground work for further work on both growth and deficit reduction. >> reporter: remarks came after speaker of the house john boehner failed to bring plan b to the floor. it would have raised taxes on those americans making more than $1 million a year. >> we had a number of our members who just really didn't want to be perceived as raising taxes. >> reporter: the two sides left blaming each other for inaction. democrats said the failure in the house pointed for a need for more compromise by the gop. >> republicans got the message loud and clear. >> reporter: he said the next move needs to come from the president. >> he is the only one who can do it. this isn't john boehner's problem to solve. >> without a deal tax hikes and spending cuts are set to trigger after january 1. in washington. >>> just released figures show the price of a home in november rose to the highest level since 2008. data show the average sale price for a single family home in november was $883,000. that is up 16% from 2011. the price of condos rose 40%, $468,000. a lack
hike, protects unemployment insurance, and lays the ground work for further work on both growth and deficit reduction. >> reporter: remarks came after speaker of the house john boehner failed to bring plan b to the floor. it would have raised taxes on those americans making more than $1 million a year. >> we had a number of our members who just really didn't want to be perceived as raising taxes. >> reporter: the two sides left blaming each other for inaction. democrats said...
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Dec 26, 2012
12/12
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. >> last year we were in a deficit situation and we really needed to make up some ground. luckily we have a lot of ground water storage capacity. this series of storms have helped with the reservoir capacity. >>> a member of the alpine meadow ski patrol has died after being buried in an avalanche. bill foster died overnight at a reno hospital. yet the ski patrol used explosives to trigger the avalanche in a private area of the resort near lake tahoe. resort officials say the avalanche broke much higher and wider on the slope than expected burying foster in the snow. >>> we'll go to the sierra for updates on conditions there tonight as this latest storm bringing everyone more snow to the high country. you can get the latest weather conditions any time online or on your mobile device at ktvu.com. look for the link to storm tracker 2 near the top of the page. you can also follow us on twitter. we postupdates on the ktvu channel 2 facebook page. >>> police found dozens of shell casings on the ground where a man was shot and killed. neighbors told our photographer that they hea
. >> last year we were in a deficit situation and we really needed to make up some ground. luckily we have a lot of ground water storage capacity. this series of storms have helped with the reservoir capacity. >>> a member of the alpine meadow ski patrol has died after being buried in an avalanche. bill foster died overnight at a reno hospital. yet the ski patrol used explosives to trigger the avalanche in a private area of the resort near lake tahoe. resort officials say the...
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Dec 24, 2012
12/12
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unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. >> raising taxes could still be red ink as far as i can see and it would hurt jobs. >> reporter: some long-time lawmakers are dismayed by the perpetual gridlock. >> i feel it's more likely we'll go over the cliff than not and if we allow that to happen, it will be the most colossal consequential act of irresponsible in a long time --er responsibility. >> reporter: president obama is in hawaii. he says he will cut his vacation short to try to hammer out a deal. the deadline a week away. >> if congress does not get anything done, then taxes will most likely go up for everyone. just about everyone on january 1st. unemployment benefits will also expire for many people. >>> international envoy working to end syria's civil war worries won't be able to help. one man said bashar assad discussed possible steps forward but has made little progress because both sides seem to be more interested in fighting. >>> authorities in india used violence to stop a week of rape protests. armed p
unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. >> raising taxes could still be red ink as far as i can see and it would hurt jobs. >> reporter: some long-time lawmakers are dismayed by the perpetual gridlock. >> i feel it's more likely we'll go over the cliff than not and if we allow that to happen, it will be the most colossal consequential act of irresponsible in a long time --er responsibility....
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Dec 29, 2012
12/12
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KTVU
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and lays the ground work for future corporation by more economic growth and deficit reduction. >>> with no agreement on the fiscal cliff extended unemployment benefits expire tomorrow for 24,000 unemployed californians. one woman says she's been out of work for two years. she said if it weren't for the long term unemployment benefits she doesn't know how she would get by. >> not being able to put food on table. not being able to pay my bills. >> those individuals and families are on their own to figure out how they're going to have an income until they have go on and have a job again. >> reporter: 1.2 million americans could lose their extended unemployment benefits nationwide. >>> cloudy and cold, all day across the entire bay area. now we're adding some rain showers to the mix. here's a look on live storm tracker 2 radar. the greens indicating light rains on the increase. even if you're covered in the green, things are changing as you can see down toward the san mateo coastline. already reporting of some light rain right around the pacifica region. right around san francisco, right ar
and lays the ground work for future corporation by more economic growth and deficit reduction. >>> with no agreement on the fiscal cliff extended unemployment benefits expire tomorrow for 24,000 unemployed californians. one woman says she's been out of work for two years. she said if it weren't for the long term unemployment benefits she doesn't know how she would get by. >> not being able to put food on table. not being able to pay my bills. >> those individuals and...
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Dec 26, 2012
12/12
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you know luckily we've had a series of ongoing storms so we're not in a deficit situation. >>> currently lexington reservoir is 60% full. yubas is 90% full. >>> the sierra is get ago good dusting of snow and a lot of skiers and snow boarders are heading out that way. as you can see though the roads are a little bit messy. in just about 10 minutes we'll have a live report for you from the foothills on the difficulty getting up to the slopes. >>> and remember you can always get up to the minute weather and traffic information on ktvu.com. the information is always available on ktvu's mobile site and mobile app. >>> police are investigating a homicide in west oakland it happened around 2:30 this afternoon near 24th and chestnut streets. the victim was taken to highland hospital where he was pronounced dead. neighbors say they heard several gunshots. our photographer on the scene counted more than 20 bullet casings at two different crime scenes. >>> it has been five years now since that deadly christmas day tiger attack at the san francisco zoo. ktvu's david stevenson reports on how the vict
you know luckily we've had a series of ongoing storms so we're not in a deficit situation. >>> currently lexington reservoir is 60% full. yubas is 90% full. >>> the sierra is get ago good dusting of snow and a lot of skiers and snow boarders are heading out that way. as you can see though the roads are a little bit messy. in just about 10 minutes we'll have a live report for you from the foothills on the difficulty getting up to the slopes. >>> and remember you can...
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Dec 26, 2012
12/12
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. >> last year we were in a deficit situation and we really needed to make up some ground. luckily we have a lot of ground water storage capacity. this series of storms have helped with the reservoir capacity. >>> a member of the alpine meadow ski patrol has died after being buried in an avalanche. bill foster died overnight at a reno hospital. yet the ski patrol used explosives to trigger the avalanche in a private area of the resort near lake tahoe. resort officials say the avalanche broke much higher and wider on the slope than expected burying foster in the snow. >>> we'll go to the sierra for updates on conditions there tonight as this latest storm bringing everyone more snow to the high country. you can get the latest weather conditions any time online or on your mobile device at ktvu.com. look for the link to storm tracker 2 near the top of the page. you can also follow us on twitter. we postupdates on the ktvu channel 2 facebook page. >>> police found dozens of shell casings on the ground where a man was shot and killed. neighbors told our photographer that they hea
. >> last year we were in a deficit situation and we really needed to make up some ground. luckily we have a lot of ground water storage capacity. this series of storms have helped with the reservoir capacity. >>> a member of the alpine meadow ski patrol has died after being buried in an avalanche. bill foster died overnight at a reno hospital. yet the ski patrol used explosives to trigger the avalanche in a private area of the resort near lake tahoe. resort officials say the...
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Dec 30, 2012
12/12
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that cuts the deficit to 12-7. third quarter, same score. syracuse's pass deflected and right into the hands of becket rails. the teamwork to a touchdown and back in front by 12. later, prince tyson gullo the carry and kicks it outside. nobody, i mean nobody's going to catch him. 67 yards for the td and finishes with 215 rushing yards. wing it 38-14. >>> tomorrow is a meaningful sunday of football for many teams. some vying for homefield advantage, some a higher seed and some just a spot in the post season. 10612 play-off spots were clenched, including all six in the afc and that means two spots are up for grabs. will the redskins get one of those? this guy hopes so. robert griffin 3, his athletic age allowed the redskins to open up their offense and a threat with the legs, rushing for over 700 yards and six touchdowns and he has a canon of an arm. twenty touchdown passes, just five interceptions and griffin was also huge in the big every game this season with four touchdowns and back-to-back games, including on turkey day. the big save, of
that cuts the deficit to 12-7. third quarter, same score. syracuse's pass deflected and right into the hands of becket rails. the teamwork to a touchdown and back in front by 12. later, prince tyson gullo the carry and kicks it outside. nobody, i mean nobody's going to catch him. 67 yards for the td and finishes with 215 rushing yards. wing it 38-14. >>> tomorrow is a meaningful sunday of football for many teams. some vying for homefield advantage, some a higher seed and some just a...
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Dec 30, 2012
12/12
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it ought to be about reducing the deficit and the debt and what they are essentially suggesting is we want new taxes, we want higher taxes on people in this country to pay for new spending. >> senator, senator mcconnell has spoken a couple times with the vpz. we have seen in the past that the two of them have been able to come up with bipartisan deals to get through congress on taxes and other things. did he give you an indication in the meeting you just had with rank and file republicans that might be an avenue of success? >> there -- those conversations and discussions continue. and we remain hopeful that that will get a breakthrough. on veryiously, what had happened here between the two leaders in the senate had broken down because the senate democrats failed to come forward with a counteroffer to the proposal republicans made last night. so hopefully, the discussions between the vice president and senator mcconnell will get us back on track, hopefully get a breakthrough and something we can vote on, hopefully today or tomorrow that will avert what we believe will be an economic di
it ought to be about reducing the deficit and the debt and what they are essentially suggesting is we want new taxes, we want higher taxes on people in this country to pay for new spending. >> senator, senator mcconnell has spoken a couple times with the vpz. we have seen in the past that the two of them have been able to come up with bipartisan deals to get through congress on taxes and other things. did he give you an indication in the meeting you just had with rank and file republicans...
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Dec 28, 2012
12/12
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WJLA
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sure we sustained a very fragile economy, tried to get it to move faster, and deal with the long- term deficit. >> those decisions may not happen until 2013. a smaller deal would be temporary, sending congress back to work on the details next year. >> i am not ok with them waiting six months or year kick to get things done. >> jake sherman of "politico" predicts that we will go over the cliff. >> we will not see the government shut down our people not be able to pull money out of banks are things like that. >> still a tough sell for constituency growing tired of the political back-and-forth. >> let's get some things set in place and up and running. >> 1 line of thinking on the hill -- there are many -- if we do go over the cliff that would reset all of the tax issues suchissues. what we do know, the clock is ticking and the waiting game continues, with the house not even scheduled to be in session until sunday afternoon. live of the capitol, steve chenevey wjla. >> will monitor all the negotiations surrounding the fiscal cliff. coming up at 5:30, a closer look at how the country got in this fi
sure we sustained a very fragile economy, tried to get it to move faster, and deal with the long- term deficit. >> those decisions may not happen until 2013. a smaller deal would be temporary, sending congress back to work on the details next year. >> i am not ok with them waiting six months or year kick to get things done. >> jake sherman of "politico" predicts that we will go over the cliff. >> we will not see the government shut down our people not be able...
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Dec 30, 2012
12/12
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we still have a trillion-dollar deficit. we've got a lot of work to do. >> we do have a lot of work to do all i ask is we get the work down. stephen moore, always a pleasure to talk to you. we'll be talking a lot in 2013. >>> coming up, the great tax debate that stephen was just talking about. does raising tax on the wealthy really hurt the economy? i'll give you an answer after this. >>> the biggest issue in all the fiscal cliff wrangling is taxes. it's not the most important issue, but it's the central one. grover norquist told you his strong opposition to any tax increases of any sort. many republicans share his view. let's look at the economy. obviously across the board tax increases would hurt the economy. but what will the real economic reaction be to small tax increases on the wealthiest americans? now, annie lowrie of the "new york times" is still with us. i always have to make sure my viewers understand i am not advocating for tax increases on the rich. i want to explain what could happen. i want to bring in jean za
we still have a trillion-dollar deficit. we've got a lot of work to do. >> we do have a lot of work to do all i ask is we get the work down. stephen moore, always a pleasure to talk to you. we'll be talking a lot in 2013. >>> coming up, the great tax debate that stephen was just talking about. does raising tax on the wealthy really hurt the economy? i'll give you an answer after this. >>> the biggest issue in all the fiscal cliff wrangling is taxes. it's not the most...
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Dec 22, 2012
12/12
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KRON
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unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >>pam: house speaker john boehner failed to gain enough of his party's support for his "plan b". that proposal would have raised taxes only on those americans making more than one million dollars a year. without a deal, steep tax hikes and massive government spending cuts are set to kick in after january first. as the fiscal cliff countdown continues. house and senate members and president obama. have all recessed for the christmas holiday. >> the ninth circut court of appeals today blocked a california law which bans the controversial therapy. that aims to turn gay minors. straight. the three judge panel issued an emergency order, to put the law on hold until the court can hear further arguments. the law. which governor jerry brown signed in september, was set to take effect january first. it would make mental health professionals who engage in efforts to change a clients' sexual orientation. subject to discipline by state licensing boards. >> jacqueline: there rainfall co
unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >>pam: house speaker john boehner failed to gain enough of his party's support for his "plan b". that proposal would have raised taxes only on those americans making more than one million dollars a year. without a deal, steep tax hikes and massive government spending cuts are set to kick in after january first. as the fiscal cliff countdown continues. house and...
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Dec 30, 2012
12/12
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it's trying to cut the deficit. >> right, the cuts that everyone is talking about that are in the sequester, those have already been decided and those are in the bank, but as you lk to change current law, the tax cuts expire tomorrow. to replace a bunch of them, to find new revenue and then not continue to cut does not get us out of our hole. so that's the problem. is we're looking at a very small band aid that doesn't get us through the next hurdlhurdle. it keeps us as a fiscal precipice that we've been trying to get out of for 17 months. >> you heard the words used by mitch mcconnell and harry reid, do you see this as a breakdown? or is it just more brinksmanship? >> as you know, even the most distant viewer observer far away from washington would know that these are never resolved before the absolute last-minute. so to get anything resolved today would be surprising. i think people are pushing on both sides of the bargaining table. asking for a little more, a little more. there's going to have to be more budgeting. but it is a good sign as was mentioned before. that the vice president is
it's trying to cut the deficit. >> right, the cuts that everyone is talking about that are in the sequester, those have already been decided and those are in the bank, but as you lk to change current law, the tax cuts expire tomorrow. to replace a bunch of them, to find new revenue and then not continue to cut does not get us out of our hole. so that's the problem. is we're looking at a very small band aid that doesn't get us through the next hurdlhurdle. it keeps us as a fiscal precipice...
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Dec 27, 2012
12/12
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but the revenue will barely make a dent in the deficit. is this president has put on the table quite an extraordinary amount of spending cuts to the shagrin of democrats i might add let's remember that this president has never walked away from the bargaining table. republicans will get the blame but does that mean that we shouldn't try? >> no. americans are the ones that are going to be hurt if the middle class families. there is a bill where the house could pass it to protect the majority of america's middle class families. which is a worse fate or voting to increase taxes on wealthy americans. they can come back and cut taxes in the new year and look good. >> it is not what looks worse. it is what is worse for the american people? >> doesn't that seem to be what they are worried about? >> to your point about tax increases, what we are looking at now, it is like a mortal wound gushing out of our chest. they come along and put a ban dade on our forehead. we need to not just raise taxes. if we give the president every tax increase that he w
but the revenue will barely make a dent in the deficit. is this president has put on the table quite an extraordinary amount of spending cuts to the shagrin of democrats i might add let's remember that this president has never walked away from the bargaining table. republicans will get the blame but does that mean that we shouldn't try? >> no. americans are the ones that are going to be hurt if the middle class families. there is a bill where the house could pass it to protect the...
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Dec 30, 2012
12/12
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the tax rates in place for incomes of $250,000, letting everybody else's expire to help go towards deficit reduction. but democrats in the talks have been willing to come up and that's another big gulf between the two of them on this issue of tax rates. >> dana bash, thanks for the latest update from capitol hill. let's get you checked in with other storyings trending on cnn.com. the death toll from russia in a plane crash has risen to five. the plane went off a runway at a russian airport. >>> two georgia boys, will soon be headed home after being missing for several days. henry and ben were found in austin, texas. police say their father, daniel cleary failed to return them home after a holiday visit. cleary is now in police custody. and who doesn't know the oakridge boys, the group sang for former president george h.w. bush while he's recovering in hospital. we'll talk to one of the band members. >>> let's do this one for you, you'll remember this one. ♪ amazing grace >> those are the oak ridge boys singing "amazing grace." the gospel turned country crooners brightened up the xli pres
the tax rates in place for incomes of $250,000, letting everybody else's expire to help go towards deficit reduction. but democrats in the talks have been willing to come up and that's another big gulf between the two of them on this issue of tax rates. >> dana bash, thanks for the latest update from capitol hill. let's get you checked in with other storyings trending on cnn.com. the death toll from russia in a plane crash has risen to five. the plane went off a runway at a russian...
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Dec 30, 2012
12/12
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separately is how do we bring down our deficit? do we attack social security entitlements, medicare, medicaid and that's this ideological struggle we're seeing between democrats and republicans that will continue in a series of skirmishes probably over the debt ceiling come february and ongoing until they finally have it out and resolve this for the long term. >> i think the white house's view in political terms is that how he handles himself on this sets the terms of engagement for those subsequent fights. again, a few weeks ago, when i was talking to people at the white house about how they were going to strategize this, they said look, this is a re-set moment and we've got to re-set sort of the balance of power from the 2011 talks. >> i think it's worth emphasizing on the numbers you mentioned the public overwhelming supports raises faxes on the wealthy but on the spending cuts they oppose cutting those programs in large numbers. when you get specific about that, don't cut that, don't cut that. >> hands off medicare. >> the pres
separately is how do we bring down our deficit? do we attack social security entitlements, medicare, medicaid and that's this ideological struggle we're seeing between democrats and republicans that will continue in a series of skirmishes probably over the debt ceiling come february and ongoing until they finally have it out and resolve this for the long term. >> i think the white house's view in political terms is that how he handles himself on this sets the terms of engagement for those...
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Dec 30, 2012
12/12
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the deficit and the debt and that is happening today to put a patch on not going over the cliff. there has to be new revenues and some entitlement reform, and cpi is the most painless way to do it. and the president offered it in a deal as recently as a week or two ago, and spending cuts, but right now, it is not a grand bargain, because we have the debt ceiling hanging out in two months. this is an attempt to avoid political pain and going over the cliff and we can't get an agreement on a patch with less than 36 hours to go. >> and don, this is the problem, something is the going to hurt. we can't get out with no pain, and we have all sorts of things and nobody wants to pay for it, don. >> you two are fired up, too. and the people at home are too, right. >> and 516 days since we knew that the deadline would come. >> and right at the deadline, and they are going home. >> right. and we are not. >> we are not. we will be here until who knows. okay. a stalemate or breakthrough? with hours to go, lawmakers are searching for a compromise. what are the chances of reaching a deal in was
the deficit and the debt and that is happening today to put a patch on not going over the cliff. there has to be new revenues and some entitlement reform, and cpi is the most painless way to do it. and the president offered it in a deal as recently as a week or two ago, and spending cuts, but right now, it is not a grand bargain, because we have the debt ceiling hanging out in two months. this is an attempt to avoid political pain and going over the cliff and we can't get an agreement on a...
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Dec 27, 2012
12/12
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health care, the biggest add to our deficit in this country is rising health care costs. do we need to tangle those? how do they interact with the changes that are going to be set up across the country. is it going to cost the taxpayer more or less? all those have to be in the realm of realistic facts and figures. >> you're in arizona today. many of your constituents worked over the holidays. do you think congress should have stayed in washington to work for an agreement? >> absolutely. absolutely. once you know, once the boehner plan "b" collapsed, all we got was a notification, you can go home. we'll call you when we're ready. boehner's got to get off -- the majority of the majority must agree to something. it's going to take democratic votes to pass a tough fiscal compromise and unless there is inclusion and discussion on both sides of the aisle about this issue, that compromise gets tougher and tougher. >> thank you for coming "outfront." >> appreciate it. thank you. >> now, on the other side of the aisle. republican congressman of wisconsin. congressman, you just hea
health care, the biggest add to our deficit in this country is rising health care costs. do we need to tangle those? how do they interact with the changes that are going to be set up across the country. is it going to cost the taxpayer more or less? all those have to be in the realm of realistic facts and figures. >> you're in arizona today. many of your constituents worked over the holidays. do you think congress should have stayed in washington to work for an agreement? >>...
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Dec 25, 2012
12/12
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you said you would cut the deficit in half. it's still four years later, we still have a trillion dollar deficit. >> a roller coaster where for a long time it was thought to be a foregone conclusion the president would win. >> let's not. let's let him respond. >> while mitt romney came on strong, the president's lackluster performance, looking down, scowling, growling, left many democrats stunned. >> they all assumed the fetal position and sobbed in unison. that was terrible. it was hard to watch, but some of the analysis afterwards really exposed some deficiencies in the democratic machine. >> for the republicans, it was arguably the best moment of the whole year for their candidate. >> i don't think his campaign really kicked into high gear until that first debate when he started to get some momentum. >> unfortunately for romney -- ♪ here i am >> it was also the best wake-up call for president obama who came alive in the next two encounters. >> we have to reduce our deficit but we have to do it in a balanced way. >> worst n
you said you would cut the deficit in half. it's still four years later, we still have a trillion dollar deficit. >> a roller coaster where for a long time it was thought to be a foregone conclusion the president would win. >> let's not. let's let him respond. >> while mitt romney came on strong, the president's lackluster performance, looking down, scowling, growling, left many democrats stunned. >> they all assumed the fetal position and sobbed in unison. that was...
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Dec 30, 2012
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and this was all supposed to be an exercise in bringing down our deficit and our long-term debt and where we are right now, it doesn't appear that we are getting that done and even more importantly, it appears that republicans are still trying to protect the tippy top as opposed to looking after the greater good of the economy and middle class families. >> as far as you-all were told by the democratic leader, where do you think stands -- things stand right now? >> i think that there is a difference in terms of what we think the rates should be for -- and at what point there should be a tax cut and at what point there should be a little revenue that we should collect. there is a difference there. there was a difference about whether or not we should be looking at the social security issue in this discussion. my understanding now the republicans have backed off now, correct, and we are looking at whether or not we are going to end up with deficit and debt reduction and whether or not the changes the republicans are insisting upon are going to comes on the backs of the middle class. >>
and this was all supposed to be an exercise in bringing down our deficit and our long-term debt and where we are right now, it doesn't appear that we are getting that done and even more importantly, it appears that republicans are still trying to protect the tippy top as opposed to looking after the greater good of the economy and middle class families. >> as far as you-all were told by the democratic leader, where do you think stands -- things stand right now? >> i think that there...
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Dec 24, 2012
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employment for 2 million americans, protect middle america the middle income americans and also work on deficit reduction. >> the president solution would still leave red ink as far as the eye could see. and difficult for jobs. >> this is it difficult for the brink of perpetual gridlock. >> this is likely that we will go over the fiscal cliff and not and if we allow that to happen. would be the most concord consequential, terrible act of gridlock. >> president obama is in hawaii but could possibly cut his vacation short to hammer out a deal. >> thousands of nurses will walk off the job today at nine bay area hospitals. nurses with sutter health's alta bates summit medical center are asking for negotiated labor contracts care protections. such as staffing levels, health benefits, and sick days. strikers say hospital officials want to reduce the number of paid sick days for nurses and technicians, while eliminating health care coverage for those who work fewer than 30 hours a week. >> analysts say many shoppers haven't been in the holiday spirit when it comes to spending money. the four-day black
employment for 2 million americans, protect middle america the middle income americans and also work on deficit reduction. >> the president solution would still leave red ink as far as the eye could see. and difficult for jobs. >> this is it difficult for the brink of perpetual gridlock. >> this is likely that we will go over the fiscal cliff and not and if we allow that to happen. would be the most concord consequential, terrible act of gridlock. >> president obama is...
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Dec 23, 2012
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to reduce the deficit more than any other deficit reduction package. >> mohammed aladarin is the ceo of pimco and mark zandy is a chief moist at moody's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you can see the chart, it's been choppy, but it looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. and we've been saying the 2013 could be the year of a real economic renaissance in the united states or at least the beginning of one. talk to me about the consequences to our prosperity if washington doesn't reach a deal. >> the consequences are not good. so what the numbers are telling you is that the private sector is healing. and if the private sector were left to its own devices, it would heal faster. unfortunately, washington is getting in the way. and what we find out this week, ali, is that the problem is not just a lack of trust between democrats and republicans, we found out that the republicans themselves
to reduce the deficit more than any other deficit reduction package. >> mohammed aladarin is the ceo of pimco and mark zandy is a chief moist at moody's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you can see the chart, it's been choppy, but it looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. and we've been...
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Dec 22, 2012
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unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >> pam: this comes after house speaker john boehner failed to gain enough of his party's support. to his "plan b". his proposal would have raised taxes only on those americans making more than one million dollars a year. without a deal, steep tax hikes and massive government spending cuts are set to trigger after january first. as the fiscal cliff countdown continues. house and senate members have already recessed for the holidays. >> president obama will nominate senator john kerry as the next secretary of state. he made the announcement at the white house today. current secretary of state hillary clinton is stepping down in january.u-n ambassador susan rice was reportedly on the short list, but took herself off it, citing a "lengthy, disruptive, and costly" confirmation process after republicans took issue with her remarks on the deadly benghazi attack killed 4 americans in libya. >> and after the president's busy day. he and the first family are now heading for hawaii. t
unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >> pam: this comes after house speaker john boehner failed to gain enough of his party's support. to his "plan b". his proposal would have raised taxes only on those americans making more than one million dollars a year. without a deal, steep tax hikes and massive government spending cuts are set to trigger after january first. as the fiscal cliff countdown...
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Dec 29, 2012
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in the second quarter, rallying back from a 17-point deficit and off the rebound. the perfect alley-oop for the dunk and had 11. the wizards led by 3 at the half. in the second half, this time gives it to a cutting nene down the lane. two of his 23 points and the wizards in front by 8. late in the third quarter, crawford from beyond the arc, hits the 3- pointer and with 27 points. the wiz defeat the magic, 105- 97 for the fourth victoriy of the season and the third at home. tonight, a road game against the chicago bulls. >> all right, okay. so, tucker, one last weather word. we know that things are looking weird out there. >> and that is a winning streak. it's looking word. the accuweather seven-day forecast and that is nice, maureen and 39 tomorrow, breezes pick up and that is cold overnight and partly sunny, tuesday, yeah, and a snow shower for the -- . >> and that is it. we're back at 10 and the news edge. have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the tes
in the second quarter, rallying back from a 17-point deficit and off the rebound. the perfect alley-oop for the dunk and had 11. the wizards led by 3 at the half. in the second half, this time gives it to a cutting nene down the lane. two of his 23 points and the wizards in front by 8. late in the third quarter, crawford from beyond the arc, hits the 3- pointer and with 27 points. the wiz defeat the magic, 105- 97 for the fourth victoriy of the season and the third at home. tonight, a road game...
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Dec 29, 2012
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extends unemployment insurance and lays the ground works for future progress on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as they let it come to vote. >>> don't be surprised if you come across the jeiy checkpoint in the next couple of days. local law enforcement agencies have launched their annual crackdown a drunk drivers, indictment will are already in place. a bay area lawmaker is voting for tested solution to get repeat drunk drivers off the highways. a proposal that is being used in assisted states. >> the thinking behind the proposed crackdown is address what state senator jerry hill says the high rate of drunk drivers that don't modify their behavior. he cites statistics, most recent numbers available. >> there were 161,000 d.u.i. arrests and convictions in california. 27% of those were repeat offenders. >> a second indictment conviction would require a driver to buy and i install an emission intercept device. this is one showing how they work. a breath sample is taken and car will start only if the driv
extends unemployment insurance and lays the ground works for future progress on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as they let it come to vote. >>> don't be surprised if you come across the jeiy checkpoint in the next couple of days. local law enforcement agencies have launched their annual crackdown a drunk drivers, indictment will are already in place. a bay area lawmaker is voting for tested...
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Dec 22, 2012
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tax hikes on the rich alone will not put all that much of a accident in the national deficit. you could take away every dollar from the top 1% earners and it wouldn't fill the gap. we heard earlier in the week about chained cpi, a suggestion john boehner made for his proposal. christine? >> chain cpi would change the way the federal government calculates inflation, which could stave federal government $300 billion over the next decade if implemented. the consumer price index measures how much they go up by tracking a basket of goods that americans typically buy. this is important because it's used to calculate cost of living adjustments and social security. checks pay a little more each year in line with inflation as calculated by that consumer price index. now, one potential flaw in the system, consumer price index assumes people don't change their basket, if, say, the price of meat goes up. in other words, they don't switch from meat to chicken because the price of beef has gone up. they don't switch from, say, arugula to, i don't know, iceberg lettuce. it doesn't account fo
tax hikes on the rich alone will not put all that much of a accident in the national deficit. you could take away every dollar from the top 1% earners and it wouldn't fill the gap. we heard earlier in the week about chained cpi, a suggestion john boehner made for his proposal. christine? >> chain cpi would change the way the federal government calculates inflation, which could stave federal government $300 billion over the next decade if implemented. the consumer price index measures how...
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Dec 23, 2012
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it takes a huge bite out of the deficit, but on balance neither side wants to do that today, but, you know, for republicans it's a tougher pill to swallow. many suggest if you go over the cliff, they come back and then have to agree to extend the tax rate for everybody below some number. >> that debt deal turns out to be brilliant or something. >> what matter is the simpson boles commission which president obama didn't want to appoint and pay attention to, that's front and center. the blueprint for how we move on. these two guys took on a task that was a fool's errands we thought, what happens to the commissions, nothing. we go back to them. >> let's talk about the die nam in this case between senator reid and mcconnell. can they come up with something up with something that the senate would pass and also something the house would pass? >> they have to try by new year's eve here. >> three days, four days. >> interesting that senator reid said he would like neal abercrombie to appoint the replacement for daniel anyway. reid thinks he'll need that vote. they'll probably move it, but we
it takes a huge bite out of the deficit, but on balance neither side wants to do that today, but, you know, for republicans it's a tougher pill to swallow. many suggest if you go over the cliff, they come back and then have to agree to extend the tax rate for everybody below some number. >> that debt deal turns out to be brilliant or something. >> what matter is the simpson boles commission which president obama didn't want to appoint and pay attention to, that's front and center....
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Dec 28, 2012
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insurance is still available for 2 million people and that lays the groundwork then for additional deficit reduction in and economic growth steps that we can take in the new year. let's not miss this deadline. that is the bare minimum we should be able to get done. it shouldn't be that hard, since democrats and republicans both say they don't want to see taxes go up on middle class families. i just have to repeat, you know, outside of washington, nobody understands how it is that this seems to be a repeat pattern over and over again. ordinary folks, they do their jobs. they meet deadlines. they sit down and discuss things and things happen. if there are disagreements, they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind boggling to them and it needs to stop. so, i am modestly optimistic an agreement can be achieved. nobody's going to get 100% of what they want but let's make sure that middle class families and the american economy, in fact, the world economy are not adversely impacted because people can't do their jobs. all right. than
insurance is still available for 2 million people and that lays the groundwork then for additional deficit reduction in and economic growth steps that we can take in the new year. let's not miss this deadline. that is the bare minimum we should be able to get done. it shouldn't be that hard, since democrats and republicans both say they don't want to see taxes go up on middle class families. i just have to repeat, you know, outside of washington, nobody understands how it is that this seems to...
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Dec 28, 2012
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instead, the gop wants deeper spending cuts to address the nation's deficit. the republican and democratic leaders in the senate continue to blame the other side. >> i guess with the dysfunctional republican caucus in the house, even the speaker can't tell what they are he going to do because he backed off of his own proposal. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> the senate is in session on capitol hill and house speaker banner has called lawmakers back into session sunday night at 6:30. but that only leaves just over 24 hours to come up with a deal. we want to know what you think about all of this. what do you think about congress not reaching a deal on the fiscal cliff? do you think it's possible that a compromise will be reached before the deadline. we want to know. >> we are already getting some great comments from you this morning. carlos russell wrote in and said, if i don't do my job, i would get fired. same thing should be for them. i kno
instead, the gop wants deeper spending cuts to address the nation's deficit. the republican and democratic leaders in the senate continue to blame the other side. >> i guess with the dysfunctional republican caucus in the house, even the speaker can't tell what they are he going to do because he backed off of his own proposal. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >>...
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unemployment insurance is still available for two million people lay the ground work then for additional deficit reduction and economic growth steps to take in the new year that. >> bill ass the president calls the bare minimum isn't what many on capitol hill had hoped for. it pushes off until next year the larger problems of dealing with the debt ceiling and automatic spending cuts. study by george mason university found spending cut will result in two million jobs lost and 215 billion dollar drop in the nation gross domestic product. that's the value of all the goods and services produced. for california it means defense spending would be cut by half billion dollars. 12,000 children from low income family would look the access to head start programs, 2,000 fewer women not given screening for breast cervical cancer. domestic violence people would lose services. 8,000 tour california tested for hive and 2 96,000 students would see their title 1 benefit cut. employment assistance to 143 143,000 job seekers also cut. and uc health system could face 21 million in cuts from the loss of medicare reve
unemployment insurance is still available for two million people lay the ground work then for additional deficit reduction and economic growth steps to take in the new year that. >> bill ass the president calls the bare minimum isn't what many on capitol hill had hoped for. it pushes off until next year the larger problems of dealing with the debt ceiling and automatic spending cuts. study by george mason university found spending cut will result in two million jobs lost and 215 billion...
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Dec 29, 2012
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but 90 million is not that much, especially when you consider the federal deficit is $16 trillion and climbing. to retire the debt, every single american would have to pay $50,000. but garcia says you got to start somewhere, especially when washington won't. the partisan fighting has bothered him since? 1992, when he first wrote his congressman, suggesting a formula to put down the debt. the veteran says he is giving back to a country that has given him so much. a sense of duty, that is infectious. his daughter is now collecting cans at work. his grandson drives garcia to friends' houses, just to collect more cans. garcia knows that his monthly money orders won't avert the fiscal cliff. but they say that is not the message garcia is sending to congress. >> in order to really solve the $16 trillion national debt you have to sacrifice. >> reporter: politicians talk about kicking the can down the road. one american has decided that road has to end. and it might as well be here. kyung lah, cnn, san antonio, texas. >>> back in a moment. it's lots of things. all waking up. connecting to the
but 90 million is not that much, especially when you consider the federal deficit is $16 trillion and climbing. to retire the debt, every single american would have to pay $50,000. but garcia says you got to start somewhere, especially when washington won't. the partisan fighting has bothered him since? 1992, when he first wrote his congressman, suggesting a formula to put down the debt. the veteran says he is giving back to a country that has given him so much. a sense of duty, that is...
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Dec 28, 2012
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go up, unemployment insurance is still available, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year, but let's not miss this deadline. that's the bare minimum we should be able to get done. >>> senate leaders say they hope to reach a compromise that could be presented to lawmakers by sunday, a little more than 24 hours before the deadline. >>> and don't miss "meet the press" on sunday morning. david gregory will interview president obama exclusively just hours before the fiscal cliff deadline. "meet the press" airs at 10:30 on monday morning. >>> police locked up tonight after a brazen crime spree. as jack write benson reports, one of the victims had choice words for those who were arrested. >> reporter: the occupants of this stolen car are -- i'm okay now. i just thank god he didn't hurt me. >> reporter: when sharon gardner first saw this nissan maxima, it was speeding away from the bp gas station with the man who had just stolen her purse in the backseat. >> i was in between vacuuming my car out. i was going from
go up, unemployment insurance is still available, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year, but let's not miss this deadline. that's the bare minimum we should be able to get done. >>> senate leaders say they hope to reach a compromise that could be presented to lawmakers by sunday, a little more than 24 hours before the deadline. >>> and don't miss "meet the press" on sunday...
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Dec 30, 2012
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we have a trillion dollars worth of deficit over year, and we need to sustain that. we know the wealthy will have to pay more and the poor will have to have fewer benefits and the middle class will have to deal with fewer programs and the middle class will have to give away subsidies in exchange for a lower tax rate, but swrae to move forward and create more jobs and grow the economy because the only way to head the recovery. >> i want to pick up on the word certainty, and i have a feeling uncertainty may be the new normal. our business leaders are going to have to figure out a way to make money in a less certain environment. that's going to be difficult for those who have traditionally had -- known what they were dealing with, but i am not certain going forward that's going to be the way we will see our government operate. here we are just a few days before we go through the cliff, and there's no evidence we're anywhere near a deal. i just think that once we get passed the doomsday date of january 1st, we will see that the sun will still come up and we will figure o
we have a trillion dollars worth of deficit over year, and we need to sustain that. we know the wealthy will have to pay more and the poor will have to have fewer benefits and the middle class will have to deal with fewer programs and the middle class will have to give away subsidies in exchange for a lower tax rate, but swrae to move forward and create more jobs and grow the economy because the only way to head the recovery. >> i want to pick up on the word certainty, and i have a...
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unemployment to the 2 million americans looking for a job and lays groundwork for more economic growth and deficit reduction. >> just moments ago, senator harry reid says he's readying a bill for a vote by monday. all this follows a rare face-to-face closed door meeting at the white house today between all the key players, the president, the vice president, the treasury secretary and all four congressional leaders huddled together with just four days to go before we all go overs fiscal cliff. that meeting lasted for an hour and five minutes. on a story where every second and every maneuver counts, let's get chief to white house correspondent jessica yellin. jessica, the president says he's modestly optimist being but each also presented a backup plan. does the president really think it will come to that? >> at this point, no, they don't, john, because the white house is hopeful that the agreement that the senators are working on can actually move forward after the meeting here. there is a modest uptick in enthusiasm about that possibility. but as forts backup plan, there's no real likelihood that
unemployment to the 2 million americans looking for a job and lays groundwork for more economic growth and deficit reduction. >> just moments ago, senator harry reid says he's readying a bill for a vote by monday. all this follows a rare face-to-face closed door meeting at the white house today between all the key players, the president, the vice president, the treasury secretary and all four congressional leaders huddled together with just four days to go before we all go overs fiscal...
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Dec 22, 2012
12/12
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hike, protects unemployment insurance, and lays the ground work for further work on both growth and deficit reduction. >> reporter: remarks came after speaker of the house john boehner failed to bring plan b to the floor. it would have raised taxes on those americans making more than $1 million a year. >> we had a number of our members who just really didn't want to be perceived as raising taxes. >> reporter: the two sides left blaming each other for inaction. democrats said the failure in the house pointed for a need for more compromise by the gop. >> republicans got the message loud and clear. >> reporter: he said the next move needs to come from the president. >> he is the only one who can do it. this isn't john boehner's problem to solve. >> without a deal tax hikes and spending cuts are set to trigger after january 1. in washington. >>> just released figures show the price of a home in november rose to the highest level since 2008. data show the average sale price for a single family home in november was $883,000. that is up 16% from 2011. the price of condos rose 40%, $468,000. a lack
hike, protects unemployment insurance, and lays the ground work for further work on both growth and deficit reduction. >> reporter: remarks came after speaker of the house john boehner failed to bring plan b to the floor. it would have raised taxes on those americans making more than $1 million a year. >> we had a number of our members who just really didn't want to be perceived as raising taxes. >> reporter: the two sides left blaming each other for inaction. democrats said...
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Dec 28, 2012
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insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps we can take in the new year, but let's not miss this deadline. that's the bare minimum we should be able to get done. it shouldn't be that heart since democrats and republicans both say they don't want to see taxes go up on middle-class families. i just have to repeat. outside of washington, nobody understands how it is that this seems to be a repeat pattern over and over again. ordinary folks, they do their jobs. they meet deadlines, they sit down and they are discuss things, and then things happen. the notion that our elected leadership can't do the same thing is mind-boggling to them. it needs to stop. so i'm modestly optimistic that an agreement can be achieved. nobody will get 100% of what they want, but let's make sure middle-class families and the american economy, in fact the world economy, aren't adversely impacted. thank you very much, everybody. >>> right now at 6:00, president obama just wrapped up a news conference in which he said he i
insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps we can take in the new year, but let's not miss this deadline. that's the bare minimum we should be able to get done. it shouldn't be that heart since democrats and republicans both say they don't want to see taxes go up on middle-class families. i just have to repeat. outside of washington, nobody understands how it is that this seems to be a repeat...
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. >> more continues on the project at 25,000 white elie the lights to the deficit is caused by the bay bridge is part of the lights go to our artists villareal . >> project organizers said $8 million, privately funded project is the largest of its kind. >> about four times larger than the eiffel tower in paris. >> the project is expected to be finished on march 5th be a place for two years. >> it will be only visible from the north side of the bridge will not be visible to those driving on the bridge. >> did to it were shot and killed--one person shot and killed and one person stab to death. >> a meeting coming up with the white house as america tries to avert the fiscal cliff. plus a free ride on many. we will tell you why coming up after the break at the kron 4 morning news conreturns in two minutes. >> ,h >> overnight, three people were killed and oakland. all of them at different locations. i will have the details coming up. >> the clock is ticking for a solution in washington. we are just four days away from falling off the fiscal cliff. >> we're all so interested in the all impor
. >> more continues on the project at 25,000 white elie the lights to the deficit is caused by the bay bridge is part of the lights go to our artists villareal . >> project organizers said $8 million, privately funded project is the largest of its kind. >> about four times larger than the eiffel tower in paris. >> the project is expected to be finished on march 5th be a place for two years. >> it will be only visible from the north side of the bridge will not be...
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the republican holiday wish given by john boehner is that both parties can come together and form a deficit cutting agreement that protects families and small businesses. >>> if you had a chance to talk to president obama, what would you ask him? students from schools around the bay area are writing him letters sharing hopes for the future. education reporter lyanne melendez tells us what is on their mind. >> the letters written to the president start out with a simple salutation. >> dear president obama my name is.... >> what follows is the example of a child's vase curiosity. do you wear a suit every day? and questions even adults would like to ask. >> how do you feel about romney losing? >> the fivd graders in san francisco are participating in a program called mail to the chief organized by handwriting without tears. the idea is to encourage students to get interested in government. >> anything that you want to write is fine, okay? >> this year the students have been particularly interested in what has been happening in their communities and around the world and they are not holding bac
the republican holiday wish given by john boehner is that both parties can come together and form a deficit cutting agreement that protects families and small businesses. >>> if you had a chance to talk to president obama, what would you ask him? students from schools around the bay area are writing him letters sharing hopes for the future. education reporter lyanne melendez tells us what is on their mind. >> the letters written to the president start out with a simple...
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hikes and extends unemployment americans look for a job and lays progress for more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as these leaders allow it to come to a vote. >> republican house speaker john boehner said he's willing to bend on raising tax force the wealthiest americans to avoid the physical cliff. >>> don't be surprised if you come across a dui checkpoint in your neighborhood over the next few days. the highway patrol and other law enforcement agencies have their checkpoints in place. >>> a bay area law maker is proposing a new solution for getting repeat drunk drivers off the roadways. it's already being as youd in other states. abc7 news reporter david louie has the details of the new proposal. >> the thinking behind the proposed crack down of repeat offenders is to address what state senator jerry hill says is a high rate of drunk drivers who don't modify their behavior. he cites twine statistics, the most recent numbers available. >> there were 161,000, 161,000dui arrests and convictions in califo
hikes and extends unemployment americans look for a job and lays progress for more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as these leaders allow it to come to a vote. >> republican house speaker john boehner said he's willing to bend on raising tax force the wealthiest americans to avoid the physical cliff. >>> don't be surprised if you come across a dui checkpoint in your neighborhood over the...
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the reality is we're running deficits upwards of $1 trillion which we can't afford. we've got $16 trillion worth of debt. if we go through this cliff, it will force our country to have to cut spending. on the flip side, it means higher taxes out of everyone's pocket at a time when the economy is still on fragile ground, showing signs of recovery. we've got good ones this week. but still on fragile ground, and people are worried that if consumers have less money to spend, it's going to really take its toll on this u.s. economy. >> i know you're reading the tea leaves, so what are they telling you? will we have a deal in time? >> reporter: it's interesting. about 66% of investors polled by ubs, the swiss bank, say that they believe a deal will happen. i can tell you the people that i talk to on my show every day, they're placing bets one way or the other. the majority think there's a real good chance that we blow right through this. that we actually go right through it. and they're hedging their bets in the investment community because they're not confident that the po
the reality is we're running deficits upwards of $1 trillion which we can't afford. we've got $16 trillion worth of debt. if we go through this cliff, it will force our country to have to cut spending. on the flip side, it means higher taxes out of everyone's pocket at a time when the economy is still on fragile ground, showing signs of recovery. we've got good ones this week. but still on fragile ground, and people are worried that if consumers have less money to spend, it's going to really...